Current Use by Public Records
- Commercial real estate
Property Details for 201 I-30
- Year built
- 1998
- Lot size
- 1.83 lot acres
- Property type
- Commercial real estate
Description
Rooted: Lester's Plant Market presents a unique investment opportunity in Mount Vernon, Texas. This established nursery, operating for over 30 years, boasts a prime location on I-30, offering high visibility and convenient access for customers. The 1,400 square foot main building sits on a 1.83-acre lot, zoned commercial, and includes eight buildings in total. Built in 1998, the property features a strong NOI of $155,032, resulting in a compelling 23.85% cap rate, and an asking price of $650,000 ($464.29/sq ft). The business benefits from a large, loyal customer base drawn from a wide radius. An attractive add-on is the option to lease a second location in nearby Winnsboro, Texas, for $1,500 per month. This secondary location, currently generating significant revenue, offers further expansion potential in a high-demand market for trees, sod, and stone. Current inventory and equipment are available for separate purchase, providing a turnkey operation. This presents a rare opportunity to acquire a thriving, established business with significant growth potential in a rapidly developing area of Northeast Texas. The property's strategic location and strong financial performance make it an exceptional value-add investment.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Mount Vernon
- County
- Franklin
- State
- Texas
- Longitude
- -95.2266
- Latitude
- 33.1615
